Participation in the social security program

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A Presidential candidate announces that he will propose that participation in the Social Security program become voluntary. That is, you can decide if you want to pay into the system when you work. If you decide not to pay in, you receive no benefits when you retire. Would there be an adverse selection problem if Social Security participation were voluntary? That is, who would stay in the program? Who would want to not participate?

Reference no: EM131246973

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